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What is SX Network?

SX is on a clear mission to slash betting costs dramatically by 90%, reducing them from 4.8% down to a mere 0.5%. This transformation represents an extraordinary tenfold improvement over typical industry odds. In simpler terms, with a $100 wager on an even chance, bettors could earn a profit of $99, resulting in a 10% boost in payouts. Unlike traditional sportsbooks that restrict users to the bets predetermined by the company, SX Network functions as a peer-to-peer betting exchange, allowing all users the autonomy to place and accept bets. This groundbreaking model encourages more competitive odds and prevents site owners from exploiting users for financial gain. Operating on a unique EVM-compatible blockchain, SX Bet is the first fully integrated betting application chain ever developed. Essentially, SX reimagines sports betting as a financial market where individuals can secure wins instead of just a casino-like atmosphere that emphasizes losses. Moreover, each time a user wins a bet, they not only collect their winnings but also earn SX tokens, which further motivates engagement in the platform. This dual reward system not only enhances the betting experience but also creates a vibrant community of participants eager to maximize their potential gains.

What is Raiden Network?

The Raiden Network acts as an off-chain solution that enables near-instantaneous, cost-effective, and scalable transactions. Its design aligns seamlessly with the Ethereum blockchain and is compatible with any token that follows the ERC20 standard. As a project in progress, it is primarily focused on investigating state channel technology, developing protocols, and creating reference implementations. This network serves as an additional infrastructure layer atop Ethereum, and while the fundamental idea is clear, the complexities of the underlying protocol and its execution are significantly intricate. Nevertheless, developers can navigate these technical challenges and use a user-friendly API to build scalable decentralized applications that take advantage of the Raiden Network. The main aim of this network is to overcome the consensus bottleneck that frequently plagues blockchains. By establishing a network of payment channels, it facilitates secure off-chain value transfers, which greatly reduces the necessity of engaging the blockchain for each individual transaction. As the Raiden Network progresses, it is dedicated to improving the overall performance and efficiency of decentralized finance applications, ensuring that they can handle a larger volume of users and transactions smoothly.

Media

Media

Integrations Supported

Ethereum
Alchemy Pay
DEX Screener
GitHub
Polygon (Matic)

Integrations Supported

Ethereum
Alchemy Pay
DEX Screener
GitHub
Polygon (Matic)

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

SX Network

Company Website

www.sx.technology/

Company Facts

Organization Name

Raiden Network

Date Founded

2017

Company Website

raiden.network/

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